Replies to post #88876 on Mike The Pike Productions Inc (MIKP)

[wEaReLeGiOn]

Renee Member Level Sunday, 10/05/14 10:41:54 AM
Re: bb72mo post# 1200
Post # of 1204
A Form 10 is an infinitesimally detailed filing that encompasses all material aspects of a company's operations from inception or for the last 2 years of business operations. For a company whose stock was revoked by the SEC Admin Law Judge the Form 10 must cover the entire period from the last audited 10K. If any suspicious activities occurred during the time from the last audited 10K the SEC will ask for inordinate amounts of details and explanations. The process is so arduous, costly for the auditor expenses, and time consuming that most companies just give up.

Read up on PELE as a classic example."

http://investorshub.advfn.com/boards/read_msg.aspx?message_id=106907326

http://investorshub.advfn.com/SEC-Suspensions-&-Revocations-25334/


And of course there is Mark in there somewhere where the auditor or lawyer might ask Mark for clarification and if Mark takes weeks or months to get back to either the auditor or the lawyer that could explain how things get held up.